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The Trump market rally conundrum

From bruegel.org

What’s at stake: Since Donald Trump’s election in November, the US stock market has been on an unabated rally. The Dow Jones Industrial Average powered through the 20,000 mark for the first time in history. POTUS has been quick in using this financial bonanza as prima facie evidence of his early accomplishments. However, several commentators question the link between Trump’s unorthodox economic policy pledges, the stock market rally, and future growth prospects.On Vox, Jim Tankersley wonders about why the stock market loves Donald Trump. He notes how the rally started off powered by banking stocks, which made sense ... (full story)

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